And if they can't help on cutting the spending which they're one of the drivers of, eventually taxes may have to go up from that. But you can't. The system we have is unsustainable. You can't have $2 trillion deficits annually and continue to try to finance those. where the world's reserve currency now but the BRICS nations and the rest of the world are getting, you know, smart to the scheme. (14:19–14:28)
CLAIM
Asserts that the current financial system with $2 trillion deficits annually is unsustainable.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
